Preliminary of 1st and 2nd

“ACHIEVE SUCCESS THROUGH”
OMTEX CLASSES
“THE HOME OF TEXT”
TIME: - 3 HOURS
MARKS: - 100
Q.1 (A) Complete the sentences by choosing correct alternative given below: - 5 marks
1. Micro and macro approaches are _________________________ to each other. (Competitive, complementary,
substitute, rival)
2. __________is the desire backed up by ability to pay and willingness to pay for it. (Demand, Want, Commodity,
Utility)
3. The income of government through all sources called ____________________ (Public debt, Public expenditure,
Public revenue, public taxation)
4. Individual supply is a ___________________ economic variable. (Macro, Producer, Micro, Firm)
5. Macro Economist was well explained by economist. (Marshall, Robbins, Adam Smith, J.M. Keynes)
(B) State whether the following statements are true or false.

1. Reservation price of perishable goods is generally high
2. Refrigerator in restaurant is capital goods.
3. Macro economics studies the economy in its totality.
4. Paper money economises on the use of precious metals.
5. Free entry is an essential but not a sufficient condition of perfect competition.
(C) Choose the correct answer in each from the following four alternatives: - 5 marks
1. ‘Principles of Economics’ is the celebrated book of:
Dr. Alfred Marshall
J.M. Keynes
Lionel Robbins
Adam Smith
2. Electricity has a composite demand:

It is less expensive resources
It is demanded for several uses
It is available at all time
It is used in combination with other resources.
3. Monopolistic is a Price-maker and not a price taker.

 Monopolist is intelligent in price-making
 Demand for his commodity is very high
 He is the seller in the market and has no close substitute for his product.
 Three is free entry and exit of firms in the market.
4. Labour cannot be stored:

Labourer has less physical strength
Labourer lacks mobility
Labour is the most perishable factors of production.
Labour is the most inactive factors of production
5. Monopoly of Note-issue of the Central Bank is its:

Traditional function
Development Function
Modern Function
Secondary function
(D) Match the two columns given below: 5marks
Group A Group B
1. Point of Satiety 1. Macro Economics
2. General Price Level 2. Quantitative Credit Control method
3. Perfect Competition 3. Deficit budget
4. Variable Cash Reserve Ratio 4. Total utility is maximum
5. Public expenditure greater than public revenue 5. Homogenous Product
6. Qualitative credit control method
Q. 2 (A) Define and explain the following concept. (Attempt any 4) 8 marks
1. Define Microeconomics
2. Explain, with example, the term Utility
3. Define Price Elasticity of Demand
4. Define Cash Reserve Ratio
5. Explain the concept of Gross National Product. (GNP)
6. Define Consumption Function
7. State the definition of Central Bank.
8. What do you mean by Credit Cards?
(B) Rewrite the following statements as True of False. Give Reasons. (Any 4) 8 marks
1. Salt has inelastic Demand.
2. Selling cost is an important component in Perfect competition.
3. Macroeconomics is based on too much assumption.
4. As the income increases, Consumption also increases
5. Functional budgeting of government is more important than balanced budgeting.
6. Labour can be stored
7. Today, barter system is in backward countries
8. Demand and Desire are one and the same.
Q. 3 (A) Distinguish between (Any Four) of the following 8 marks

1. Direct Demand V/S Derived Demand
2. Elastic Demand V/S Inelastic Demand
3. Land V/S Labour
4. Gross National product V/S Net National Product
5. Metallic Coins V/S Paper money
6. Fixed Deposit Account V/S Current Account
7. Micro Economics V/S Macro Economics
8. Balanced Budget V/S Functional Budget
(B) Give reasons or explain the following in brief. (Any4) 8 marks
1. Why Monopolistic competition does have product differentiation?

2. Is demand and Desire the same thing? Explain with an example.
3. Why is competitive firm a ‘Price-taker?
4. Give Reason why labour can not be stored/
5. Why has the Popularity of Macroeconomics increased?
6. Why is income from illegal activities not included in the national product?
7. Why the concept of balanced budget is is called as an ‘Ideal Concept’?
8. Why does land lacks mobility?
Q. 4. (A) Answer the following questions in one or two paras (any 2) 8 marks
1. State and Explain the Law of Supply? And its exception?

2. Explain with illustration, the Income method of Measuring National Income?
3. Describe the Various Function Of Money?
4. What are the Types of Price Elasticity of Demand?
8 marks
(B) Write Short notes on the following:
1. Features of Microeconomics
2. Exception to the Law of Demand
3. Geffen Paradox
4. Kinds of Investment
Q. 5 (A) Do you agree or disagree with the following statements. Give Reasons. (Any Two) 16 marks
1. At the point of satiety, Total utility is at its maximum

2. Demand Curves Sloes downwards from left to Right.
3. AD is influenced by C+I+G+E
Q. 6 (B) Answer the following (any two) 16 marks

1. Define and Explain the Function of Central Bank?
2. Explain the Different measures of measuring National Income?
3. Explain the law of demand? And it exemption?

OMTEX CLASSES
TIME: - 3 HOURS
MARKS: - 100
Q.1 (A) Complete the sentences by choosing correct alternative given below. 5marks
1. The income of government through all sources is called public _________ (money, income, debt, revenue).
2. The relation between the price and demand is _________ (direct, inverse, negative, indirect)
3. Real investment implies creation of new ___________ (goods, services, assets, capital)
4. A cheque which bears a future date is called a __________ cheque (crossed, pre-dated, post-dated, stale)
5. Value expressed in terms of money is called ____________ (utility, credit, price, demand)
(B) State whether the following statements are true or false. 5 marks
1. The value of mother’s service is not included in National Income.

2. Wine is not a wealth.
3. Supply curve is upward sloping from left to the right.
4. Current deposits yield high interest rate.
5. The Primary function of the money is to form the basis for credit.
(C) Choose the correct answer in each from the following four alternatives 5 marks
1. National income refers to the value of goods and services produced in a __________
a. day
b. week
c. month
d. year
2. ATM facility is available for __________

a. 6 hours
b. 12 hours
c. 18 hours
d. 24 hours
3. During depression, the Central Bank adopts the _____________

i. near money policy
ii. dear money policy
iii.Cheap money policy.
iv.No money policy
4. As the stock of commodities rises, the marginal utility starts ____________

a. falling
b. rising
c. increasing
d. shifting
5. Which of the following is not the exception to the law of demand___________

a. Medicines
b. Salt
c. Prestige goods
d. Normal goods
(D) Match the two columns given below:
Group A Group B
1. Sunshine 1. Uniform price
2. Very short period 2. Free goods
3. National Income 3. Derived demand
4. Factors of production 4. Country’s Income
5. Perfect competition 5. Market price
6. Normal Price
a. Economic man
b. Unitary elastic demand
c. Stock
d. Monopoly
e. Gross Domestic Product
f. Open market operation
g. Personal Disposable Income.
h. Inflation.
a. The demand for luxury commodities is elastic.

b. Demand curve slopes upward form left to right.
c. In monopoly there is price discrimination.
d. The Seller under perfect competition is a price taker.
e. Supply plays a dominant role in determining the market price.
f. There is no exception to the Law of Supply.
g. Low interest is given on fixed deposit.
h. There is no difference between surplus and deficit budget.

a. Saving Deposit V/S Fixed Deposit.
b. Commercial Bank V/S Central Bank
c. Increase in Demand V/S Decrease in Demand
d. Perfect Competition V/S Monopoly
e. Saving V/S Consumption
f. Autonomous Investment V/S Induced Investment
g. Total Utility V/S Marginal Utility
h. Bank Rate V/S Open market Operation
(B) Give reasons or explain the following in brief. (Any 4) 8 marks

1. The Reserve Bank is Government’s Bank
2. The Demand for coffee and tea is competitive in nature.
3. Why has water less price, though of much use?
4. An Entrepreneur is called as a captain of the industry.
5. Stock of Perishable commodities tends to be zero?
6. Why does microeconomics use slicing method?
7. The Supply of land can not be changed?
8. Why study of macroeconomics is important and extremely useful?
1. Explain in brief the features of Land
2. Explain in brief the types of Capital
3. Explain the Exception to the Law of Supply?
4. What are the Different Types of Utility?
8 marks
(B) Write Short notes on the following: (any 2)
1. Function of Money
2. Difficulties involved in the measurement of National Income
3. Bank Rate Policy
4. Types of Budget
1. All factors of Production have direct demand.

2. Income Elasticity of demand for salt is zero
3. There is no difficulties in measuring national income
1. Define and Explain the Function of Commercial Bank?

2. Explain the Law of Equi-Marginal Utility?
3. What are the qualities of an entrepreneur?
ALL THE VERY BEST
OMTEX CLASSES
TIME: - 3 HOURS
MARKS: - 100
ECONOMICS
Q.1 (A) Complete the sentences by choosing correct alternative given below.
1. Converting log of wood into a table is addition of ___________ (Place Utility, Time Utility, Form Utility , Personal
Utility)
2. Supply curve has _________ slope. (Positive, Negative, Horizontal, Vertical)
3. Supply is a _________ of stock. (Part, Total, Maximum, Minimum)
4. Receiving deposits and advancing loans is a ___________ function of any commercial bank. (Primary, Secondary,
Current, Total)
5. The income of government through all sources called ____________________ (Public debt, Public expenditure,
Public revenue, public taxation)

1. Refrigerator in restaurant is capital goods.
2. Government budget gives us the complete financial information of the country
3. Reservation price of perishable goods is generally high
4. Price is the only factor that determines demand for a commodity.
5. Free entry is an essential but not a sufficient condition of perfect competition.
(C) Choose the correct answer in each from the following four alternatives
1. in case of perfectly elastic demand, the demand curve is __________
1. Parallel to Y axis
2. Parallel to X axis
3. Downward sloping
4. Upward Sloping
2. Central Bank is __________

1) Bankers bank
2) Provides lockers facility
3) Commercial bank
4) Provides Overdrafts facility
3. During depression, the Central Bank adopts the _____________

(a) near money policy
(b) dear money policy
(c) Cheap money policy.
(d) No money policy
4. National Income data is not completely reliable _____________

(a) Due to statistical and conceptual difficulties
(b) Due to illiteracy in the country
(c) N.I data is too large.
(d) It takes a long time in its calculation
5. Monopoly of Note-issue of the Central Bank is its_____________

(1) Traditional function
(2) Development Function
(3) Modern Function
(4) Secondary function
Group A Group B
1. Micro economics 1. Composite Demand
2. Electricity 2. Revenue more than expenditure
3. Surplus budget 3. Selective method of credit control
4. Marginal utility 4. Study of one millionth part of the country
5. Moral Suasion 5. Joint demand
6. Additional utility
1. Define and state the Law of diminishing Marginal Utility
2. Define Income Elasticity of Demand
3. Define Price Elasticity of Demand
4. What do you mean by open market operation
5. Explain the concept of Gross National Product. (GNP)
6. Economic man
7. Unitary elastic demand
8. Stock
1. The concept of price-elasticity is of great practical importance
2. Selling cost is an important component in Perfect competition.
3. National income at market price is higher than the national income at factor cost.
4. As the income increases, Consumption also increases
6. The capital is the most mobile factor of production
7. In economics market means a particular geographical region.

1. APC V/S MPC (Compulsory)
2. Central bank V/S Commercial Bank
3. Capital V/S Wealth
4. Gross National product V/S Net National Product
5. Perfect competition V/S Pure Competition
6. Fixed Deposit Account V/S Current Account
7. Joint Demand V/S Composite Demand
8. Balanced Budget V/S Functional Budget

1. Goods with close substitute have an elastic demand explain this statements
2. Why is stock and supply of perishable commodities are equal?.
3. What are the causes for the changes in the demand
4. Why are the transfer payment not included in the national income
5. Why do commercial bank have greater importance in development of a country
6. Explain the reasons for the evolution of money?
7. Why the concept of balanced budget is called as an ‘Ideal Concept’?
8. Why popularity of the macro economics increased?
1. Explain the functions of the Entrepreneur.
2. Explain with illustration, the Income method of Measuring National Income?
3. Describe the Various Function Of Money?
4. Secondary function of commercial bank?
8 marks
(B) Write Short notes on the following: (any two)
1. What are the factors determining demand

2. Exception to the Law of Supply
3. Circular flow of National Income
4. Kinds of Investment
1. State and explain the Law of Equi-Marginal Utility

2. Necessaries have elastic demand
3. Price is the only factor determining demand

1. Define and Explain the Function of Central Bank?
2. Explain the Feature of Perfect Competition?
3. Explain the law of demand? And it exemption?
OMTEX CLASSES (A)
TIME: - 3 HOURS SECOND PRELIMINARY EXAMINATION MARKS: - 100
ORGANISATION OF COMMERCE AND MANAGEMENT

AVOID CANCELLATION, WRITE NEATLY AND QUICKLY
Q. 1 (A) Select the suitable alternatives from the following and rewrite the sentence: 5 marks
1. A government company is one in which the share capital contributed by the Government is not less
than ________________ (51%, 49%, 75%)
2. The persons who simply lends his name to the partnership firm is called ___________ (Active
partner, Nominal Partner, Sleeping Partner)
3. The Co-operative Societies Act was passed in India in _________ (1912, 1986, 1956)
4. Multinationals operate __________ ( in the country of origin, in developed countries, all over
the world)
5. Theoretically ___________is a king in a market. (Producer, Consumer, Seller)
(B) Match the Pairs: 5 marks
GROUP A GROUP B
Head of the District Forum Political intervention
Consumer Movement 1986
National Commission News papers
Right to safety 1920
The Consumer protection Act Healthy environment
Supreme Court judge
District Judge
Electrical appliances
High court Judge
Insurance Policy
(C) Fill in the Blanks: 5 marks
The District forum shall be established by the ______________.

Division of work leads to _____________. 154
According to Koontz and O’Donnell, there are ________functions of management. (5, 7, 9).
______________ is the essence of management.
Registration of co-operative society is _______________.
Q. 2 Write short notes on (any three): - 15 marks.
Deemed Public Company

Consumer Rights
Social Responsibility of Consumer movement towards Society
Importance of disaster management
Q. 3 Distinguish Between: (any Three): - 15 marks.
Top level Management V/S Middle Level Management

Co-operative society V/S Joint Stock Company
Administration V/S Management
District Forum V/S State Commissions
Q. 4 State whether the following statements are true or false: - (Any Three): - 15 marks.
1. The Sole aim of business organisations is to earn maximum profit.

2. The event manager need not have any special qualities.
3. The membership of a co-operative society is voluntary.
4. Management is not a Professions
Q. 5 Answer the following questions in short: - (any Two): - 10 marks.
Explain the Nature of Directing

Explain the features of principles of management.
What is Privatisation? Explain its importance
Q. 6 Define Co-ordination? Explain the importance of Co-ordination? 10 marks

Or
Define Departmental undertakings? Explain its Merits and De-merits
Q. 7 Define Co-operative society? Explain Its Advantage and Disadvantage 10 marks

Or
Explain the Henri Fayol Principles of Management
Q. 8 Is management is an Art or Science? Explain about both? 10 marks
ALL THE VERY BEST

OMTEX CLASSES (B)
TIME: - 3 HOURS SECOND PRELIMINARY EXAMINATION MARKS: - 100

Claims of consumers for compensation up to rupees twenty lakh are to be settled by____________
(district Forum, State Commission, National Commission)
The Oldest and simplest form of business organisation is __________ (sole trading concern, Partnership
Firm, Joint Hindu Family firm)
The Objective of ______________ function is to obtain the most competent and efficient individuals for
the enterprise. (Planning, Organising, Staffing)
To maintain industrial peace is the responsibility of ____________ (management, workers,
Shareholders)
Gang-plank is an exception to the principles of __________ (Unity of Command, Unity of Direction,
Scalar Chain)
GROUP A GROUP B
Deed of Partnership World Economy
Multinational Companies Greater Production
National Commission Written constitution of a firm
WTO Operations Research
Total Quality Management District Judge
Defect free product
Supreme Court
International economic relations
Operating globally
Unlimited Liability
The author of wealth of nation was __________.

Henri Fayol is considered as the ____________ (socialist, capitalist, universalist)
According to Koontz and O’Donnell, there are ________functions of management. (5, 7, 9).
______________ is the essence of management.
Registration of Partnership firm is _______________.
Deemed Public Company

Consumer Rights
Social Responsibility of Consumer movement towards Customer.
Importance of Planning
Top level Management V/S Lower Level Management

Partnership firm V/S Joint Stock Company
District Forum V/S State Commissions
The Sole aim of business organisations is to earn maximum profit.

The event manager need not have any special qualities.
The membership of a co-operative society is voluntary.
Management is not a Professions
Explain the Feature of Controlling.

Explain the features of principles of management.
What is Privatisation? Explain its importance
Q. 6 Define Co-ordination? Explain the importance of Co-ordination? 10 marks

Or
Define Departmental undertakings? Explain its Merits and De-merits
Q. 7 Define Co-operative society? Explain Its Advantage and Disadvantage 10 marks

Or
Explain the Henri Fayol Principles of Management
Q. 8 Is management is an Art or Science? Explain about both? 10 marks
ALL THE VERY BEST

OMTEX CLASSES
TIME: - 3 HOURS
MARKS: - 100
11.00 to 11.05
Event management is a __________ activity (Marketing, professional, political)
Business ethics is a branch of _________ science ( social, physical, general, commercial)
Management of a co-operative organization is ________ (oligarchic, capitalistic, democratic)
Business Environment has tremendous impact on __________ (Government people, business)
The shares of co-parceners are ___________ (fixed, fluctuating, Prescribed by Hindu law)
(B) Match the Pairs: 5 marks 11.05 to 11.10
GROUP A GROUP B
Head of District Forum Mumbai
Shares of co-operative society District Judge
Department of post Nor Transferable
Equity Departmental Undertaking
Organizing Formulation of policies and plans
Anticapitalistic organization
Mobility of people
Social justice
Departmentation
Right man for Right Job
(C) Fill in the Blanks: 5 marks 11.10 to 11.15
1. The Highest rate of dividend in a co=operative society can be _______%

2. Management principles establish ___________ relationship
3. Essential commodities Act was passed in ________
4. _________ permits direct communication between the employees working at the same level of
authority without following scalar chain
5. A __________ company need not hold the statutory meeting.
Q. 2 Write short notes on (any three): - 11.15to 11.45 15 marks.
Business Ethics
Objective of Consumer Movement
world Trade Organisation
Function of Lower level Management
Q. 3 Distinguish Between: (any Three): - 11.45 to 12.15 15 marks.
State Commission V/S National Commission

Top Level Management V/S Middle Level management
Departmental V/S Government Company
Middle Level Management V/S Lower Level Management
Q. 4 State whether the following statements are true or false: - (Any Three): - (12.15 to 12.40) 15 marks.
Globalization leads to unequal competition.

Consumer is a king in the market.
Business organizations have social value.
The sole aim of the business organization is to earn profit
Q. 5 Answer the following questions in short: - (any Two): - (12.40 to 01.00) 10 marks.
1. How does controlling helps to achieve desired objectives?

2. What are the effects of non-registration of partnership firm?
3. Why is total quality management necessary?
Q. 6Define Staffing? Explain its Features and importance? (01.00 to 01.18) 10 marks
Or
Define Joint Stock Companies? Explain its Merits and Limitations?
Q. 7 Explain the social responsibility of commercial organization Towards Government

And Consumer? (01.18 to 01.36) 10 marks
Or
What are the Types of Companies?
Q. 8 Define Management? Explain the Objectives of Management? (01.36 to 01.54) 10 marks
(6 minutes for checking)
ALL THE VERY BEST

OMTEX CLASSES
TIME: - 3 HOURS
MARKS: - 100
A trend of modern theories of management started after _______________ (1914, Industrial Revolution, 1950)
Labour cost in manufacturing concern generally amounts to ______ of the selling cost (40%, 50%, 60%)
Controlling is ____________ aspect of management. (mental, theoretical, practical)
According to the principle of _________ union is strength. (Initiative, Esprite de cops, Discipline)
Management is a ____________ (system of authority, Chain of command, Communication)
GROUP A GROUP B
1. Partnership at will Max Weber
2. Statutory Company Remedial measures
3. Management as a profession Fixed duration or specific project
4. Controlling No fixed duration
5. Time and motion study Departmental managers
Service Motive
Integration of activities
F.W. Taylor
A maximum of 10 members
Established by passing Special act

__________ functions divides the total work into smaller units
Esprit de Corps means ____________
Event management as a profession generates ___________ opportunities
Life insurance corporation of India is an example of _________________
A company is a legal__________ distinct from its members.
Privatization
Function of Middle Level Management
Deemed public company
Elements of Directing

Top Level Management V/S Middle Level Management
Departmental undertaking V/S Government Company
Departmental undertaking V/S Statutory corporation
A Co-operative society is differing for other forms of commercial organization.
Management is not a Profession.
The Main object of consumer movement is to protect the rights of the consumer.
The Registration of Partnership firm in maharashtra is compulsory

Explain the Nature of Event Management
Features of disaster Management
Principles of Esprit De Corps
Q. 6 Define Management? Explain the Function of Management? 10 marks

Or
Explain the features of Joint Hindu family business firm?
Q. 7 Explain the Features and Importance of professional Management? 10 marks

Or
Explain the social responsibility of commercial organization towards Customer and Government
Q. 8 explain the Merits and Demerits of Government Company 10 marks

OMTEX CLASSES J
TIME: - 3 HOURS FIRST PRELIMINARY EXAMINATION MARKS: -
100

Minimum __________________ members are required to register Co-operative Society. ( Seven, Ten,
Two)
Businessman is the _______________ of the Society. (trustee, representative, member)
As per the consumer protection Act, ___________ mechanism is available for removal of the
complaints. ( two levels, five levels, three levels)
Lower level management is also called as ___________________ management. (Middle level,
supervisory, top level)
Factors like customs and traditions, festivals, faith of the community, life style, and caste system are
the factors included in the _____________ environment. (Political, Social, Economical)
GROUP A GROUP B
Partnership Deed/ Agreement 1920
Consumer Movement Earn Profit
Economical objective Power to take decision
Authorities Creation of the departments of an organisation
Organising Function Lack of economic exploitation
Registered Agreement
Balancing different functions
Offering Services
Written or Oral
1950
A joint stock company has a __________ succession.

J.W. Lorsch and P.R. Lawrence advocated the __________ approach to management.
Event Management as a profession generates _________ opportunity.
Business organisations are ____________ unit
Globalisation and Liberalisation helped to attract ____________ in India.
Importance of Consumer Movement

Business Ethics
Importance of Business Environment
World Trade Organisation
Taylor’s Contribution to management V/S Fayol’s contribution to management

State Commission V/S National Commission
Top Level Management V/S Middle Level Management
Departmental Undertaking V/S Government Company
Area of operation of multinational companies is restricted to one nation only.

Globalisation has a definite impact on the external sectors.
The Consumer protection Act was passed in the interest of the seller.
India Does not get any benefit from WTO.
How does Controlling help in achieving the desired objectives?

Why Quality management is necessary?
Explain the need for Liberalisation
Q. 6 Define Joint Stock Company? Explain Its Characteristics 10 marks

Or
Explain about the Different Types of Companies.
Q. 7 Define Staffing? Explain the importance of Staffing? 10 marks

Or
Define Management? Explain the Importance of Management
Q. 8 Explain the responsibility of Business Organisation towards Government and Consumer 10 marks
OMTEX CLASSES
TIME: - 3 HOURS
MARKS: - 100
Q.1 (A) Complete the sentences by choosing correct alternative given below.
__________ Economies uses slicing method. (macro, micro, agricultural, international)

Budget s presented by __________ before the parliament. (Prime minister, finance minister, Home minister)
________ is perfectly mobile. (Labour, Capital, Land, Entrepreneur)
Utility depends on the __________ of the want.(Intensity, quality, novelty, uniformity)
_________ Function shows the relationship between aggregate national income and level of saving. (Consumption,
dissaving, saving, Investment)
The Exceptional demand curve slopes upward.

Price discrimination is not possible in perfect competition.
The surplus budget expenditure exceeds receipts.
A central bank is the lender of the last resort.
Medium of exchange is the primary function of the money.
(C) Choose the correct answer in each from the following four alternatives
Selling cost is an important feature of __________________
Monopoly
Monopolistic competition
Perfect competition
oligopoly
Output is the outcome of process of _______________
Consumption
demand
supply
production
Land does not include______________
rivers
coal
sunshine
machinery
The economy having foreign trade relations is called ________________
balanced economy
closed economy
advanced economy
open economy
commodity money includes ____________
wheat
rice
cow
all of these
Group A Group B
Aggregate supply Bank Money
Entry barriers Quantitative Credit Control method
cheque Income method
Cash Reserve Ratio Capital method
Direct Tax monopoly
Barter System
f(NLKT)
1. Monopolistic Competition
2. Aggregate Demand
3. Balanced Budget
4. Indirect Tax
5. Gross National Product. (GNP)
Autonomous Consumption can be zero
When the exports exceeds imports, the GNP rises
Money has no store value
At the point of satiety, the marginal utility is Zero.
Labours are perishable in nature

Expansion of demand V/S Contraction of demand
Saving V/S Consumption
Direct Tax V/S Indirect Tax
Total Utility V/s Marginal Utility
Import V/S Export
APC V/S APS
The Utility is a relative concept.

all Factors of production have derived demand
Aggregate demand depends upon many factor
Why can autonomous consumption never be zero?
Why monopolist does is a price maker?
Explain the importance of micro Economics

Determinants of aggregate supply
Bank Over Draft
8 marks
(B) Write Short notes on the following: (any two)
Types of wealth
Features of micro economics
Law of supply
1. Price is the only determinants of demand.

2. There are no difficulties involved in the measurement of national income.
3. An entrepreneur is called as captain of the industry
Q. 6 Answer the following (any two) 16 marks
Define and Explain the Function of Central Bank?

Price determination under perfect competition?
Explain any two method of measuring Price Elasticity of Demand
OMTEX CLASSES
TIME: - 3 HOURS
MARKS: - 100

(Complete within 5 minutes) 11.00 to 11.05
1. Minimum __________________ members are required to register Co-operative Society. ( Seven, Ten, Two)
2. Sole trading operates in __________ market. (National, local, regional)
3. Government Companies is owned and managed by the __________________ (Individual, Government,
Minister)
4. _________________ is the link between the past, present and future. (Planning, controlling, Directing)
5. Factors like customs and traditions, festivals, faith of the community, life style, and caste system are the
factors included in the _____________ environment. (Political, Social, Economical)
(B) Match the Pairs: 5 marks (Complete within 5 minutes) 11.05 to 11.10
GROUP A GROUP B
1. Co-operative management 1. Order from one superior
2. Top level management 2. World economy
3. Unity o Command 3. Use modern technology
4. Globalisation 4. Formulation of policies
5. Professional management 5. Democratic management
6. Registered Agreement
7. Balancing different functions
8. Offering Services
9. Written or Oral
10. 1950
(C) Fill in the Blanks: 5 marks (Complete within 5 minutes) 11.10 to 11.15
1. _________________ is an art of getting things done through others.

2. ________________ is the highest authority under the Consumer Protection Act to settle the disputes
of the consumer.
3. Event management is a _________________ activity.
4. ______________ refers to human conduct in business.
5. World Trade Organisation is a ________________ body.
Q. 2 Write short notes on (any three)- 11.15 to 11.45 15 marks.
1. Principles of management
2. Explain about Unity of Command
3. Disaster Management
4. Consumer Rights
Q. 3 Distinguish Between: (any Three): - 11.45 to 12.15 15 marks.
1. Private Sector V/S Public Sector

2. State Commission V/S National Commission
3. Administration V/S Management
4. Departmental Undertaking V/S Government Company
Q. 4 State whether the following statements are true or false: - (Any Three): - 12.15 to 12.40 15 marks.
1. The membership of a joint Hindu Family enjoys equal management rights.

2. Liberalisation has no draw backs.
3. Consumer movement is gaining momentum in India.
4. Management is a Profession.
Q. 5 Answer the following questions in short: - (any Two): - 12.40 to 01.00 10 marks.
1. Explain the need and importance of planning

2. Explain need and importance of Liberalisation
3. Explain the importance of Professional management
Q. 6Define Partnership firm? Explain Features of Partnership firm? 01.00 to 01.20 10 marks
Or
Define Multinational Companies explain its Characteristics
Q. 7 Define management? Explain the Its Characteristics 01.20 to 01.40 10 marks

Or
Explain the Functions of Management
Q. 8 Explain the responsibility of Business Organisation towards

Shareholders and Society. 01.40 to 02.00 10 marks
ALL THE VERY BEST

“Achieve Success Through” “Achieve Success Through”
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No: 33 S.S.K Chawl, Dharavi, Mumbai-17. No: 33 S.S.K Chawl, Dharavi, Mumbai-17.
Mob : - 9892515934 9892646781 Mob : - 9892515934 9892646781
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“ACHIEVE SUCCESS THROUGH”

(B) State whether the following statements are true or false.

2. Electricity has a composite demand:

3. Monopolistic is a Price-maker and not a price taker.

4. Labour cannot be stored:

5. Monopoly of Note-issue of the Central Bank is its:

(D) Match the two columns given below: 5marks

Q. 3 (A) Distinguish between (Any Four) of the following 8 marks

(B) Give reasons or explain the following in brief. (Any4) 8 marks

1. Why Monopolistic competition does have product differentiation?

1. State and Explain the Law of Supply? And its exception?

1. At the point of satiety, Total utility is at its maximum

Q. 6 (B) Answer the following (any two) 16 marks

“ACHIEVE SUCCESS THROUGH”

1. The value of mother’s service is not included in National Income.

2. ATM facility is available for __________

3. During depression, the Central Bank adopts the _____________

4. As the stock of commodities rises, the marginal utility starts ____________

5. Which of the following is not the exception to the law of demand___________

(D) Match the two columns given below:

a. The demand for luxury commodities is elastic.

Q. 3 (A) Distinguish between (Any Four) of the following 8 marks

(B) Give reasons or explain the following in brief. (Any 4) 8 marks

1. All factors of Production have direct demand.

Q. 6 (B) Answer the following (any two) 16 marks

1. Define and Explain the Function of Commercial Bank?

(B) State whether the following statements are true or false.

2. Central Bank is __________

3. During depression, the Central Bank adopts the _____________

4. National Income data is not completely reliable _____________

5. Monopoly of Note-issue of the Central Bank is its_____________

(D) Match the two columns given below:

Q. 3 (A) Distinguish between (Any Four) of the following 8 marks

(B) Give reasons or explain the following in brief. (Any 4) 8 marks

1. What are the factors determining demand

1. State and explain the Law of Equi-Marginal Utility

Q. 6 (B) Answer the following (any two) 16 marks

ORGANISATION OF COMMERCE AND MANAGEMENT

(B) Match the Pairs: 5 marks

(C) Fill in the Blanks: 5 marks

The District forum shall be established by the ______________.

Deemed Public Company

Q. 3 Distinguish Between: (any Three): - 15 marks.

Top level Management V/S Middle Level Management

1. The Sole aim of business organisations is to earn maximum profit.

Q. 5 Answer the following questions in short: - (any Two): - 10 marks.

Explain the Nature of Directing

Q. 6 Define Co-ordination? Explain the importance of Co-ordination? 10 marks

Q. 7 Define Co-operative society? Explain Its Advantage and Disadvantage 10 marks

Q. 8 Is management is an Art or Science? Explain about both? 10 marks

ALL THE VERY BEST

ORGANISATION OF COMMERCE AND MANAGEMENT

(B) Match the Pairs: 5 marks

(C) Fill in the Blanks: 5 marks

The author of wealth of nation was __________.

Deemed Public Company

Q. 3 Distinguish Between: (any Three): - 15 marks.

Top level Management V/S Lower Level Management

The Sole aim of business organisations is to earn maximum profit.

Q. 5 Answer the following questions in short: - (any Two): - 10 marks.

Explain the Feature of Controlling.

Q. 6 Define Co-ordination? Explain the importance of Co-ordination? 10 marks

Q. 7 Define Co-operative society? Explain Its Advantage and Disadvantage 10 marks